A Public Limited Company (PLC) is set up where the company intends to get itself publicly listed on the Stock Exchange. This is done so that the company can offer its shares out to the general public.
A PLC must have a minimum of seven members, the value of the allotted Share Capital must be not less than €38,092.00. ¼ of this allotted share capital must be fully paid up before the PLC can start business, or exercise any borrowing.
PLC’s have many of the characteristics of Private Limited Companies. Stocks in PLC’s are freely transferable, and can be bought & sold quickly. There is no restriction on the maximum number of shareholders a PLC can have. PLC’s that operate in an environment where they are not publicly listed on the stock exchange must still operate Under Irish Legislation.
PLC’s like Private Limited Companies, have Memorandum & Articles of Association which set out the objectives, and the rules of the company.
To establish a company in Ireland, you will need a number of things. To start you are required to have key stakeholders such as a Director, Company Secretary, and Shareholders. As well as this you will need an address in the country, share capital, and a unique company name.
Once you have gathered the necessary elements, you must prepare your incorporation documents. These will include the application forms and constitution. These should be submitted to the Companies Registration Office (CRO) in Ireland. No need to worry if you’re unsure about how to prepare these documents; our team here at Irish Formations are always readily available to guide you through the process.
Subsequently, after your company is successfully established, there are annual accounting requirements that must be adhered to. Our team will walk you through these requirements. This will provide a comprehensive checklist of everything you need to know when setting up a Limited Company in Ireland. These services are included in our premium company formation packages. We provide packages for residents and packages for non-residents. We can also give you a free referral to an accountant for anything further.
Understanding various types of companies and having a clear comprehension of what a limited company entails is crucial before establishing one.
Below, we’ve provided a comprehensive breakdown of potential company types.
Ready To Start?
If you’ve reviewed the information provided above and are satisfied with the necessary steps, please get in touch with us to initiate the process of getting a company registration number in Ireland. However, if you still have questions or uncertainties about any of the details, feel free to reach out to a member of our team who will gladly guide you through it.
At Irish Formations, we specialise in company setup and guarantee the efficient, accurate, and prompt creation of your company. Establishing your company doesn’t have to be a daunting task; we’re here to ensure a seamless and straightforward journey. Our team of experts at Irish Formations can set up your company entirely remotely, maintaining the highest quality and professionalism. Contact us today to start the process!
